|Mazibuko: one of President Zuma's fiercest critics|
She continues her commentary: "This does not legitimise 'rent-seeking' or the 1970s’ 'heavy hand' of government. Rather, it symbolises a damning indictment of how volatile our mineral resource policy environment is perceived by mining houses. At Davos [Economic Forum] and beyond, Zuma must guarantee that South Africa will not tilt towards the resource nationalism of Venezuela’s Hugo Chavez."
More commentary from MP Mazibuko, about mining policy: "Zuma’s second action must be to manage and persuade his own party base — from the African National Congress (ANC) Youth League to the Cabinet. His government’s competence is constrained by three factors: the lack of a coherent policy tool kit; the absence of the confidence of industry investors; and an inadequate understanding of the geopolitical dimension of mineral resource policy. Because of the untapped potential of the minerals sector for job and wealth creation, the government must show a solid grasp of the portfolio’s strategic importance. It must also look at comparative models of what our competition is doing.
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